TerraCap Management LLC purchased the asset for $13,800,000. The deal closed February 27.

Built in 1983, the building, which is situated on 8.6 acres, has been institutionally owned and operated since 2007. Occupancy at 850 Trafalgar was 82 percent at the time of the sale. The FBI currently occupies 40,018 square feet but will be vacating at the end of their term in June 2019.

“With the FBI vacating, TerraCap Management will have the opportunity to add significant value through the lease up of that space at current market rents,” commented Mandel.

Maitland Center is comprised of more than 6 million square feet of suburban office and is the premier destination for many of the region’s largest employers. The building offers visibility and frontage along Interstate 4, with a less than 15 minute commute to downtown Orlando.